The Pulse Apartments

57 N Somerville, Memphis TN 38104

The Pulse Highlights

Photo Gallery

Virtual Tour

2 bedroom unit

The Offering

Summary

Asking Price $7,980,000
Number of Units 133
Price per Unit $60,000
Number of Buildings 1
Number of Stories 9
Year Built 1957
Land Area 1.72 ac

Upgraded Asset in Thriving Downtown Medical District

The Pulse Apartments presents a prime multifamily investment opportunity in Memphis’ growing Downtown/Medical District—a hub anchored by the VA Hospital, University of Tennessee Health Science Center, St. Jude Children’s Research Hospital, and the $13B St. Jude expansion. With over 30,000 medical jobs in the immediate area, this location ensures consistent rental demand.

The property has undergone significant recent improvements over the last few years:

100 of 128 units renovated
New elevators, chillers, and boilers
Upgraded common areas and community amenities

Additional income streams enhance NOI:

Parking lot revenue: $34,320/yr
Cell tower lease: $17,100/yr

Residents enjoy a full suite of amenities, including an outdoor pool, fitness center, pet park, resident lounge, secure gated parking, and on-site laundry facilities.

This is a rare opportunity to acquire a well-positioned asset with strong upside in one of Memphis’ most dynamic employment corridors.

SEE DOCUMENT PORTAL FOR LOAN ASSUMPTION DETAILS